I can't believe it. No one was predicting a crash in the banking industry and credit markets just three weeks ago. The thought of losing $2 trillion in retirement funds in the recent past is unimaginable. Many folks have seen their retirement investments shrink 20-33% in the last year. What does this mean to you?
Some will need to work longer than expected. They say that it will take an extra year of employment for every 3 years of retirement. Does that mean you have to do the same job you have done in the past? NO! There are other options. We still believe that this is the age of choice. You can find new ways to use you skills and knowledge in environments that better fit your needs. Skills are transferable.
The current financial challenges should be an incentive to better plan for your future. Take the time to think through what 'work' will provide the most meaning in your life. Where can you have impact? Where can you make a difference? Don't wait to plan your future. It's more critical now than in ever in the past.
Joan
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